Question

There is 60 % increase in an amount 6 years simple interest what will be the compound interest 12000 after 3 years at same rate

Answer 1

Answer:

LET P= Rs. 100

So, SI= RS. 60

T= 6 Yrs.

So R=(100*60)/(100*6)

R= 10% pa

Now,

P=12000

T=3 yrs

R= 10% p.a.

CI=[12000*{(1+10/100)³-1}]

CI= (12000*331/1000)

CI= 3972